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Cadence Business Finance Commits $16,250,000 to Buck Knives, Inc.

ATLANTA, February 9, 2021 – Cadence Business Finance recently provided a $16.25 million lending commitment to 118-year-old knife manufacturer Buck Knives. A term loan helped restructure an existing lending facility, and a revolving line of credit provides the company with greater flexibility through additional working capital. 

“Going into COVID-19 and all of the resulting restrictions, we weren’t sure if we would be able to secure the needed financing for our business,” said Trent Malone, CEO of Buck Knives. “Cadence worked with us every step of the way and provided non-traditional solutions in order to complete the transaction. We were able to obtain a solution that is flexible for our growing business while also developing a great relationship.”

Founded in 1902, Buck Knives manufactures premium pocket, folding and fixed-blade knives, and multiuse equipment. Buck Knives are sold throughout the U.S. by an extensive dealer network and through the company’s website, buckknives.com.

“Our team excels at finding unique solutions for our clients’ unique situations,” said Norb Schmidt, executive vice president and director of capital finance at Cadence Business Finance. “Our alliance with Buck Knives provides the flexibility necessary to support their long-term success.”

To learn more about Cadence Business Finance, visit cadencebusinessfinance.com.


About Cadence Business Finance
 
Cadence Business Finance (CBF) provides creative asset-based lending and specialty finance solutions to meet the strategic and financial objectives of performing middle-market businesses. CBF also lends to specialty finance companies that make asset-based or asset-backed loans to U.S. businesses. Its experienced team of relationship-oriented advisors are experts at providing flexible financing structures and thoughtful in understanding the challenges of its clients, both now and throughout their lifecycle.
 
Cadence Business Finance is a division of Cadence Bank, N.A., Member FDIC. Equal Opportunity Lender.



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